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“# ZCash surges 7% after Digital Currency Group CEO announces $85M purchase ” Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the price of the token moved above $240 for the first time in days. In a Wednesday tweet to his more than 678,000…
“# ZEC price jumps 20% in one day as Zcash devs unveil transition to Proof-of-Stake ” Zcash (ZEC) surged by nearly 20% in the past 24 hours, helped by the euphoria surrounding its core protocol’s decisive transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The ZEC price logged an intraday high at $188.80 on Binance after…
“# Foundry USA becomes second-largest Bitcoin mining pool amid China ban ” New York-based crypto-mining service provider Foundry USA takes the lead to become the world’s second-largest Bitcoin (BTC) mining pool after taking up a 15.42% share of the network. Data from BTC.com shows that Digital Currency Group-owned Foundry USA stands behind the pool leader…
“# Eldrige leads Digital Currency Group’s maiden $600 million debt funding round ” On Thursday, the Digital Currency Group (DCG) announced that it has raised $600 million in a new credit facility, making its debut into the debt capital markets. The debt funding round was led by private equity firm Eldridge. The company stated that the…
“# Nym Technologies raises $13M to develop surveillance-evasion platform ” European security startup Nym Technologies has announced a $13 million funding round coordinated by renowned crypto investor Andreessen Horowitz, or a16z, and further participated by a venture capital firms Digital Currency Group, Tayssir Capital, Huobi Ventures, Hashkey and Fenbush. This third funding round represented their…
“# Digital Currency Group sells $700M of shares for investors to take profits ” Digital Currency Group (DCG), one of the largest companies in the cryptocurrency industry, has completed a major secondary investment round led by Japanese financial giant SoftBank. DCG has sold $700 million worth of shares to companies like Google’s parent company, Alphabet,…
“# Grayscale parent company expands GBTC purchase allocation to $1 billion ” According to an announcement issued on Wednesday, DCG is now authorized to buy up to $1 billion worth of Grayscale Bitcoin Trust (GBTC). This development extends DCG’s prior authorization by $250 million if they choose to do so. Indeed, DCG has so far…
“# Digital Currency Group backs South Korean crypto exchange operator ” Digital Currency Group, the venture capital firm behind some of the biggest companies in blockchain, has become the second-largest shareholder of Streami, a leading cryptocurrency exchange operator in South Korea. Barry Silbert, founder and CEO of Digital Currency Group, explained his rationale for backing…
“# Grayscale’s parent firm DCG to expand GBTC buy limit by $500M ” Digital Currency Group, the parent company of Grayscale Investments digital asset manager, is now authorized to purchase up to $750 million worth of shares of Grayscale Bitcoin Trust (GBTC). The company announced Monday that DCG increased its prior authorization to buy up…
“# Time Magazine names two crypto firms in Top 100 ‘most influential companies’ list ” Time Magazine continues to warm up to crypto, naming Digital Currency Group and Coinbase in the magazine’s 2021 Top 100 Most Influential Companies list. Published on April 27, the Top 100 emphasized the impact the two crypto giants have made…